The introduction of CFA in the BRICS countries will attract up to $50 billion in investments by 2030.

The introduction of digital financial assets (CFAs) in the BRICS countries will attract up to $50 billion in investments by 2030. This was reported to Izvestia by the press service of the consulting company Yakov and Partners, which, together with experts from the Central University, assessed the current state and development prospects of the CFA in shaping a new financial architecture in global markets.

According to the study, "Should I take the artifacts to the museum? Digital financial assets as a new infrastructure for global financial markets", the introduction of CFA in the domestic and international circuits of the BRICS countries is capable of generating a cumulative economic effect of up to $50 billion by 2030, or about $12.5 billion annually.

Already today, experts are recording the rapid development of this market. The capitalization of the largest tokenized assets (a physical or financial asset represented as a token on a blockchain platform), backed by real resources, reached $70 billion in early 2025, more than doubling in a year. In Russia, the market is also showing significant growth: in the first quarter of 2025, the volume of CFAs in circulation amounted to 293.5 billion rubles against 50 billion rubles a year earlier, and the number of their issues increased almost tenfold to 1,000.

The world leadership in the CFA segment and those close to them in terms of the economic meaning of security tokens (digital analogues of securities or financial instruments) is still held by countries with advanced regulation: Switzerland, Hong Kong, Germany and Singapore. Russia has also quickly become one of the leaders in terms of emissions: according to some estimates, by the end of 2025, CFA output may exceed 1 trillion rubles. This growth was made possible thanks to the active support of the Bank of Russia and the significant potential of using CFA in international settlements.

In Russia, CFAs have become widespread not only as a tool replacing traditional financial instruments, but also as a means of tokenizing "non—traditional" assets, from works of art and charity projects to palladium and film production. So, in February 2025, the country's first art token was issued for works by contemporary artists with a guaranteed return of 15% per annum.

"We are witnessing a tectonic shift in the financial infrastructure. The CFA is an opportunity for developing economies not to catch up, but to jump over the stage of outdated systems and create more efficient, transparent and accessible capital markets. With the help of the CFA, Russia and the members of the BRICS alliance will be able to build their own financial infrastructure independent of the institutions of the Global North," Ilya Ivaninsky, an expert partner at Yakov and Partners and director of the Center for Business Education and Analytics at Central University, explained to Izvestia.

According to him, the greatest potential of the CFA lies precisely in the transformation of the international infrastructure. The creation of a new mechanism for mutual investment between the BRICS countries, independent of the traditional infrastructure, will increase investment volumes and reduce the cost of funding. This will have an economic effect of up to $48 billion by 2030, which can be used to partially cover the investment deficit estimated at $1.5–2.5 trillion.

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How can this affect the market and the number of players?

Earlier, on September 30, Evgeny Shatov, a partner at Capital Lab, spoke about the impact of tokenization of digital rights on the market in Russia. Thus, according to the expert, the tokenization of foreign digital rights in Russia opens up new opportunities for the liquidity and investment attractiveness of the market.

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